DUBAL Holding and Oriental Copper to manufacture high-quality copper products in UAE

DUBAL Holding and Oriental Copper to manufacture high-quality copper products in UAE

UAE: DUBAL Holding, the investment arm of Dubai Government in the commodities, mining, power, energy, and industrial sectors, signed a Memorandum of Understanding (MoU) with Oriental Copper Co., Ltd., a leading manufacturer of high conductivity copper products in Thailand, to manufacture high-quality copper products in the UAE.

The MoU was signed by Ahmad Hamad Bin Fahad, CEO of DUBAL Holding LLC, and Tuang-Hong Thiptarangoon, President of Oriental Copper Co., Ltd., during a ceremony in the presence of representatives from both sides.

This partnership aligns with the MENA region’s goal of shifting away from the heavy reliance on copper imports and meeting the growing demand for downstream copper products. A significant step towards import substitution, this partnership aims to manufacture high-quality copper products including ETP and oxygen-free copper bus bars, profiles, strips, sheets/tapes, alloys, and magnet wires through a production unit with an installed capacity of 30,000 MT of copper processing per annum.

Commenting on this partnership, Ahmad Hamad Bin Fahad, CEO of DUBAL Holding LLC, said: “We are pleased to sign this MoU with Oriental Copper, one of the leading manufacturers of high conductivity copper bus bars and other copper fabricated products in the world. This MoU is a vital step in meeting